Spark Power Group Inc.

Good day, and welcome to the Spark Power Corp Investor Call and Webcast. At this time, all participants have been placed on the listen-only mode, and the floor will be open for questions and comments after the presentation. It is now my pleasure to turn the floor over to your host, Chief Financial Officer Richard Perry. The floor is yours.

Good morning. Welcome to our 2023 third quarter conference call. I am joined today by Spark Power's President and CEO, Richard Jackson. Rich will begin the morning with remarks on Q3 business highlights, a progress update on key strategic initiatives, and the going private transaction. I will follow with a financial review of the third quarter, and then we will open the call for Q&A. Before we commence the review, I would remind you that our presentation contains certain forward-looking statements that are based on current expectations and are subject to a number of uncertainties and risks, and actual results may differ materially. Further information identifying risks, uncertainties and assumptions, and additional information on certain non-IFRS measures referred to in this call can be found in disclosure documents filed by the company with the securities regulatory authorities and available on CDAR+. Further, These forward-looking statements are made as of the date of this call. Except as expressly required by applicable law, Spark Power assumes no obligation to publicly update or revise any forward-looking statement, whether a result of new information, future events, or otherwise. I will now turn the call over to Spark's President and CEO, Rich Jackson, for his opening comments.

Thanks, Richard. Good morning, everyone, and thank you for joining us. In Q3, we have continued to build out our go-to-market plan to support the Let's Grow Better three-year strategy. As we build on the positive momentum in our U.S. business with growing backlog and revenue trends, the traction on our new go-to-market plan in our Canadian business is taking longer to convert into new business. With that, we continue to invest in growing our sales channel and developing the new systems and technologies that will streamline our operations, enhance efficiency, and support future growth of the company. As discussed in our press release, Spark continues to be challenged with our ability to convert our operating performance into free cash flow. While improvements have been made to reducing working capital needs, the expected margin improvements have not been fully realized in our operating performance. While I am happy with the level of my team's focus on margin improvements and overall cash conversion cycle, I believe we have not fully entered into a period where the company is at full potential on free cash flow performance. We have much work to do here. In Q3, we entered into an arrangement agreement with American Pacific Group, a reputable private equity firm who will take Spark power through a going private transaction. We expect this transaction to close on or around December 5th. We are excited about this transaction as it will provide Spark with the robust capital structure necessary to sustain our long-term growth trajectory, which is ultimately linked to our strategic vision. As always, I want to thank all of our stakeholders for their ongoing support and trust and spark power. With APG's expertise, patience, and support, we aim to accelerate our growth in the right markets, with the right services, with the right customers. Through our efforts, we plan to innovate our industry and create lasting value for our customers and stakeholders. Together, we will navigate new opportunities, overcome challenges, and build a stronger, more resilient future for our organization. This partnership marks a significant milestone, and I am confident that our shared vision and commitment will lead to remarkable achievements. I will now turn the call over to Richard to share our Q3 financial results.